You are here

OIL ROUT

Where's the price floor? Check the contango

Traders can make money by buying crude to put into storage, giving the oil market some support

334053703444.jpg
Oil traders searching frantically for an end to the deepest price rout since the 2008 financial crisis should forget about Opec policy, US drilling rigs or interest rates. At least for the moment.

New York

OIL traders searching frantically for an end to the deepest price rout since the 2008 financial crisis should forget about Opec policy, US drilling rigs or interest rates. At least for the moment.

Instead, according to some physical traders and analysts, they should be